The recent political incidents have not subsided, the fierce demonstrations have continued, the hotel tourism industry has been hit hard, and the construction of the rent-returning tide has occurred
The economic outlook is worrisome. Under the encirclement of many negative factors, the West Kowloon High-speed Railway Station is regarded as the “hot spot for the property market”. The commercial king, the valuation fell and fell.
The land king is just under the unfavorable property market and the market is under the guise of the market. Gao Cong International Hong Kong Capital Markets and Investment Services Executive Director Cong Cong said that the recent Sino-US trade negotiations have been repeated, and the core area of the tenants has not only been suspended, but also has been retired. The situation is that foreign investment has also decreased, which has led to an increase in vacancy rate. He expects that there will be a double-digit drop in rents in Jiaxia in the coming year. The number of visitors to Hong Kong has plummeted. The occupancy rate of some five-star hotels is below 30%. Operating, the land king is mainly based on the development of Jiaxia and hotels, and naturally it is not optimistic. In fact, since the introduction of the landlord at the beginning of the year, the valuation has been reduced and reduced, and it has fallen more than 20%.
Kai Tak Commercial Landmarks and Orders
Some developers said that although the location of the land is strategic, but the scale is huge, the land price alone is as high as tens of billions. After the completion of the land, it can not be sold, it can only be sold in the whole building. The road is greatly restricted and the risks involved are huge. High, there will be no more bidders. In the absence of competition, it is difficult for the landlord to sell high prices, and it is recommended to sell the land. He continued, the government pushed the land at this time, showing that it does not understand the adjustment of market conditions, and only according to the itinerary and mentality. If the land is awarded at a low price, it will be like the company selling assets to shareholders, the government will be right. All taxpayers, if the target is flown, will be tendered again when the market conditions are good in the future, and good things will not be lost.
In fact, since the beginning of this year, the Government has launched two Kai Tak commercial sites
The fact that there was a statutory and secondary flow mark was made. In May this year, Gao Yin won the price of about $12,800 on the floor. The commercial and hotel sites in Area 4, Area C, Kai Tak, set a new high in the price of commercial floors. However, in June, the “social contradictions and economic instability” were imposed on the grounds. The area was re-launched and won five copies. The tender, which ended in September, showed that the consortium’s bid must be lower than the previous price. Although the conditions of the high-speed rail station on the high-speed railway station are high, the reference data includes Kai Tak’s land price, and the consortium is mainly based on low prices.
In January this year, the No. 5 commercial and hotel site in the fourth district of Kai Tak Runway District was the first to launch non-residential land in the runway area, intercepting nine tenders, all the consortium’s bids did not reach the reserve price, and finally the end of the auction.